BI Asset Management Fondsmaeglerselskab A S Acquires 115,680 Shares of American Water Works Company, Inc. $AWK

BI Asset Management Fondsmaeglerselskab A S raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1,387.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,018 shares of the utilities provider’s stock after purchasing an additional 115,680 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Water Works were worth $16,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of American Water Works by 3,274.6% during the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after purchasing an additional 6,882,575 shares during the period. Norges Bank bought a new position in American Water Works in the 4th quarter worth about $337,004,000. GQG Partners LLC boosted its stake in American Water Works by 64.2% in the 4th quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after purchasing an additional 2,539,683 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in American Water Works by 383.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after buying an additional 2,058,656 shares in the last quarter. Finally, Impax Asset Management Group plc grew its holdings in American Water Works by 38.0% during the 4th quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock valued at $311,487,000 after buying an additional 657,849 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AWK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $137.00 to $140.00 in a research note on Friday, May 29th. Bank of America decreased their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Barclays increased their target price on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $138.11.

American Water Works Price Performance

American Water Works stock opened at $125.25 on Friday. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The business has a 50-day simple moving average of $127.42 and a 200 day simple moving average of $130.51. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.71 and a beta of 0.62.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business earned $1.05 EPS. The business’s revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 2.9%. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.

About American Water Works

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.